| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
174 |
| Employees |
1,308 |
| Revenues (TTM) (Millions $) |
1,445 |
| Net Income (TTM) (Millions $) |
197 |
| Cash Flow (TTM) (Millions $) |
-15 |
| Capital Exp. (TTM) (Millions $) |
-44 |
Plum Creek Timber Co Inc
We are the second largest private timberland owner in the United States, with
8.1 million acres of timberlands located in 21 states. Our timberlands are well
diversified, not only geographically but also by species mix and age distribution.
Growth rates vary depending on species, location, age and forestry practices.
We manage our timberlands in two business segments: the Northern Resources Segment,
consisting of timberlands primarily in Idaho, Maine, Michigan, Montana, New Hampshire,
Oregon, Pennsylvania, western Virginia, Washington, West Virginia and Wisconsin;
and the Southern Resources Segment, consisting of timberlands primarily in Alabama,
Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma,
South Carolina, Texas and eastern Virginia.
In addition, our Other Segment includes our natural resource businesses that
focus on opportunities resulting from our extensive property ownership including
opportunities relating to mineral extraction, natural gas production and communication
and transportation rights of way. The Real Estate Segment, which is partially
conducted through our taxable REIT subsidiaries, refers to our sale and management
of higher and better use timberlands and the sale of non-strategic timberlands.
Our Manufactured Products Segment, also conducted through our taxable REIT
subsidiaries, includes four lumber mills, two plywood plants, two medium density
fiberboard (“MDF”) facilities, and two lumber remanufacturing facilities. These
facilities, strategically located near our timberlands in Montana and Idaho,
convert logs to lumber, plywood and other wood products, and convert chips,
sawdust and wood shavings to MDF. The Manufactured Products Segment also has
established a network of nation-wide field inventory points where inventory
is held for customers at either independent public warehouses or on consignment
at customer distribution centers.
The timber industry provides raw material and conducts resource management
activities for the paper and forest products industry, including the planting,
fertilizing, thinning, and cutting of trees and the marketing of logs. Logs
are marketed and sold either as sawlogs to lumber and other wood products manufacturers
or as pulplogs to pulp and paper manufacturers.
Our lumber and plywood facilities obtain approximately two-thirds of their
logs from our timberlands. Our Montana timberlands provide a consistent supply
of high quality logs and preferred timber species to our lumber and plywood
facilities, although future harvest levels on our Montana timberlands are expected
to decline. Furthermore, over time the average log size is expected to decline
due to evolving harvest and growth patterns.
COMPETITION
Markets for manufactured forest products are highly competitive in terms of
price and quality. Some of our manufactured forest products competitors have
substantially greater financial and operating resources. In addition, wood products
are subject to increasing competition from a variety of substitutes, including
non-wood and engineered wood products as well as import competition from other
worldwide suppliers. We believe we can compete effectively because of our extensive
private timber inventory, our reputation for environmentally responsible forestry,
which has positioned us to meet regulatory challenges on a cost-effective basis,
our reputation as a dependable, long-term supplier of quality products, our
innovative approach to providing high-quality, value-added products to various
retail and industrial niche markets and the integration of our timberlands with
efficient manufacturing processes.
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